N.M. Stat. § 62-2-14
[Powers of directors after dissolution.]
Upon the dissolution of any corporation, the directors at the time of dissolution shall
be directors and agents of the creditors and stockholders of the corporation dissolved,
and shall have full power to sue for and recover the debts and property of the
corporation, by the name of the directors of such corporation, collect and pay any
outstanding debts, settle its affairs and divide amongst the stockholders the money and
property remaining after the payment of all debts, liabilites [liabilities] and necessary
expenses.